South Africans will have to pay more for electricity after the National Energy Regulator of South Africa (Nersa) admitted to making mistakes in calculating Eskom’s revenue for the coming years. …
Economy
- BusinessEconomyEnergyPublic UtilitiesRegulationSouth Africa
- BankingEconomyFinanceSouthern AfricaTrade
RBM Introduces Export Proceeds Exemption for Forex Stability
The Reserve Bank of Malawi (RBM) has announced that it will exempt certain companies from the mandatory conversion of export proceeds under its newly issued repatriation of export proceeds directive. …
- BusinessDangote IndustriesEconomyEnergy
Nigerians Spend N1.3tn on Petrol in June as Consumption Hits 1.44bn Litres
Nigerians spent about N1.3 trillion on Premium Motor Spirit (petrol) in June 2025, amid rising energy costs and heavy reliance on self-power generation, according to the latest data from the …
- BusinessCapital MarketEconomyInternational RelationsTrade
NGX Boss Highlights Nigeria-Brazil Capital Market Opportunities During Tinubu’s Visit
The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX Group), Mr. Temi Popoola, has said that capital markets will play a central role in boosting trade …
- BusinessCapital MarketCorporate NewsEconomyINVESTMENTNigeria
NASD Declares First Dividend as Shareholders Celebrate Turnaround
Shareholders of NASD Plc have commended the company’s board and management for steering it out of years of losses to profitability, leading to its first-ever cash dividend payout. At the …
- BusinessCorporate GovernanceEconomyFinancial InclusionNigeriaStock Market
Access Holdings Announces Resignation of Roosevelt Ogbonna from Board
Access Holdings Plc has announced the resignation of one of its non-executive directors, Mr. Roosevelt Ogbonna, after three and a half years of service on its board. The notice, which …
- AfricaBusinessEconomyEntrepreneurshipHealthManufacturing
Nigerian Firm Afroganiks Targets $6.3 Trillion Global Wellness Market with African Herbal Innovation
Afroganiks Industries Limited, a Nigerian health and wellness company, has announced plans to take a strong position in the global wellness industry, which is valued at $6.3 trillion. The company …
- AfricaEconomyGlobal NewsGovernancePublic Administration
Nigeria Ranked 116th in 2025 Chandler Good Government Index
Nigeria has been ranked 116th in the 2025 edition of the Chandler Good Government Index (CGGI), a global benchmark that measures how capable and effective national governments are across the …
- CryptocurrencyEconomyFinanceTechnology
Stablecoins Projected to Dominate Nigerian Business Transactions in Coming Years
Stablecoins are expected to play a leading role in Nigerian business transactions within the next one to three years, according to Zabira Technologies, a digital assets exchange platform. The company …
- BusinessEconomyFinancial RegulationFintechGovernment PolicyInsurance
Tinubu’s Insurance Reform Act 2025 Set to Transform Nigeria’s Insurance Industry
Nigeria’s insurance industry is preparing for major changes following the signing of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 by President Bola Ahmed Tinubu earlier this month. The new …